Acceptance of documents for participation in the competition is carried out by the Vitebsk Regional Executive Committee's Economy Committee (Vitebsk, Gogol St., 6, office 314) on business days from 8:00 to 17:00, with a break from 13:00 to 14:00.

Contact persons

Trofimov Alexander Ivanovich, tel. 8(0212) 22 63 12

Ershova Liliya Valentinovna, tel. 8(0212) 22 63 16

Subject of competitive selection

provision of subsidies to reimburse part of the interest for the use of bank loans;

provision of subsidies to reimburse leasing payments under financial lease (leasing) agreements for the payment of the lessor's remuneration (income).

Source of financing

Funds of the regional budget provided for 2025
under the State Program "Small and Medium-sized Entrepreneurship
in the Republic of Belarus" for 2021–2025

Areas of state financial support

State financial support is provided to small and medium-sized businesses in the Vitebsk region on a competitive basis when they implement investment projects, business projects
in the following priority areas:

creation, development and expansion of production of goods (works, services);

organization, development of production, implementation of export-oriented, import-substituting products;

production of products aimed at energy and resource saving;

implementation of new technologies.

Purposes for which state financial support funds may be used

State financial support is provided to small and medium-sized businesses located in the Vitebsk region, implementing investment projects, business projects, for the purpose of:

construction, reconstruction, modernization, technical modernization, repair of capital structures (buildings, structures), isolated premises, carrying out repair and restoration work and installation of all types of equipment;

acquisition of capital structures (buildings, structures), isolated premises;

acquisition of machinery and equipment, vehicles, special devices and accessories, tools;

acquisition of component parts, raw materials, supplies, software (its updates), goods (works, services) for own production of products (goods, performance of works, provision of services). construction, acquisition of capital structures (buildings, structures), isolated premises and (or) their repair and reconstruction, acquisition of equipment, vehicles, special devices and appliances, procurement of component parts, raw materials and supplies for own production and provision of services.

Criteria for selecting investment projects during the competition

The main criteria for selecting investment projects during the competition are:

compliance of the investment project with the priority areas for providing state financial support;

relevance and prospects of the investment project, business project, its final result;

planned attraction of funds from other sources for the implementation of the investment project, business project;

the planned number of new jobs and the justification for their creation.

Requirements for competition participants

The following applicants are not allowed to participate in the competition:

whose average number of employees for the calendar year as of the date of application for state financial support exceeds 250 people;

For reference: The average number of employees of small and medium-sized enterprises - legal entities for the calendar year is determined in the established manner as: the list number of employees on average for the year (excluding employees on maternity leave, in connection with the adoption of a child under three months of age, for childcare until the child reaches the age of three); the average number of employees working part-time with their main job at other employers; the average number of individuals who performed work under civil law contracts (including those concluded with legal entities, if the subject of the contract is the provision of services for the provision, hiring of employees).

This number of employees is determined for the legal entity as a whole, including its branches, representative offices, and other separate divisions.

the volume of gross revenue from the sale of products (goods, works, services) excluding value added tax for a calendar year exceeds the value established by Resolution No. 459;

For reference: the maximum revenue from the sale of products (goods, works, services) excluding value added tax for a calendar year:

small organizations – 500,000 basic units;

medium-sized organizations – 2,000,000 basic units.

in which the charter capital includes a share of the Republic of Belarus, its administrative-territorial units, foreign legal entities, foreign citizens and stateless persons, public associations (except for public associations of disabled persons), unions (associations), funds, one or more legal entities that are not small businesses, exceeding 49 percent (excluding entities of the small and medium-sized business support infrastructure);

being banks, non-banking credit and financial organizations, insurance organizations, professional participants in the securities market, pawnshops;

being parties to concession agreements on the division of production concluded with foreign investors in the manner prescribed by the legislation of the Republic of Belarus;

engaged in gambling, lotteries, electronic interactive games, production and sale of excisable goods, extraction of minerals, except for common minerals;

undergoing reorganization, liquidation (cessation of activity), economic insolvency (bankruptcy);

having failed to submit the documents necessary for making a decision on providing state financial support, or if the submitted documents contain unreliable information;

three years have not passed since the violation of the terms of providing state financial support;

having arrears in payments to the budget and state non-budgetary funds;

having losses based on the actual working time in the current year as of the date of application for state financial support.

List of documents to be submitted for participation in the competition

To participate in the competition, business entities shall submit the following documents to the economics committee of the regional executive committee:

application for participation in the competition, indicating the requested type and amount of state financial support, the estimated number of jobs to be created, as well as confirmation of the accuracy of the submitted information;

a copy of the certificate of state registration of a legal entity, the charter of the legal entity (articles of association - for legal entities operating under the articles of association);

information on the average number of employees (for legal entities) certified by the signature of the head and the seal of the legal entity;

information on the volume of revenue from the sale of goods (performance of work, provision of services) excluding value added tax for the calendar year preceding the year of application, certified by the signature of the head and the seal of the legal entity or the signature of the individual entrepreneur and the seal, if any;

feasibility study (including financial) of the investment project, business project;

balance sheet and its annexes for the previous year, as well as for the period actually worked in the current year (for small businesses applying the simplified tax system - tax return for the previous year, as well as for the period actually worked in the current year).

To receive state financial support in the form of reimbursement of part of the interest on bank loans, business entities additionally submit:

a copy of the loan agreement;

an extract from the loan account;

loan repayment and interest payment schedule;

copies of payment orders confirming the targeted use of the loan;

copies of payment orders confirming the payment of accrued loan interest;

calculation of the subsidy amount for loan interest payment, made by the bank.

To receive financial support in the form of reimbursement of part of the expenses for lease payments under financial lease (leasing) agreements for the remuneration (income) of the lessor, business entities additionally submit:

a copy of the financial lease (leasing) agreement;

copies of documents confirming the transfer of the leased asset to the business entity;

calculation of the subsidy amount for the payment of the lessor's remuneration (income), made by the lessor;

copies of documents confirming the payment of the remuneration (income) to the lessor.

Amount of State Financial Support

Reimbursement of part of the interest for the use of bank loans to business entities is made within the terms of the loan agreements.

Reimbursement of part of the interest for the use of bank loans

is carried out in the amount of not more than 0.5 of the loan rate.

Reimbursement of part of the interest for the use of bank loans in foreign currency is made in Belarusian rubles at the official exchange rate of the National Bank of the Republic of Belarus as of the date of actual interest payment.

Reimbursement of part of the expenses for payment of lease payments under a financial lease (leasing) agreement in terms of payment of the lessor's remuneration (income) is made to the business entity within the term of the financial lease (leasing) agreement in an amount not exceeding 0.5 of the lessor's remuneration (income).

In case of acquisition of leased assets for foreign currency, reimbursement of part of the expenses for payment of lease payments is made in Belarusian rubles at the official exchange rate of the National Bank of the Republic of Belarus as of the date of the decision to reimburse part of the expenses for these payments.

Procedure for making decisions on granting state financial support

The Vitebsk Regional Executive Committee's Economics Committee is responsible for selecting investment projects and business projects for the provision of state financial support.

Based on the documents submitted by the competition participants, the regional executive committee's economics committee, within a period not exceeding 15 working days from the end of the application submission period, checks their compliance with the requirements and submits to the regional executive committee for consideration a draft decision on granting state financial support to applicants or refusing such support.

Applicants are notified in writing of the decision made by the regional executive committee's economics committee within 5 working days from the date of the corresponding decision.